Sprint, the third-largest wireless service provider in the United States, shed a number of jobs and shut down a number of stores as part of a larger plan to cut costs and turn the company's financial prospects around.
Sprint chairman and SoftBank Corp. chief executive Masayoshi Son made his case for a merger with fellow wireless carrier T-Mobile in Washington Tuesday, stating that in order for Sprint to shake up the stale wireless industry, it's going to need to scale up.
Sprint looks like it may get some support from T-Mobile concerning a potential merger between the two wireless networks as T-Mobile's chief financial officer stated he believes consolidation is inevitable at a media, internet and telecom conference Monday.
